Dec, 31, 2023 — AMERICHOICE FEDERAL CREDIT UNION is a federal credit union headquartered in MECHANICSBURG, PA with 5 branch locations and about $227.41 million in total assets. Opened 54 years ago in 1970, AMERICHOICE FEDERAL CREDIT UNION has about 15,786 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AMERICHOICE FEDERAL CREDIT UNION |
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Address: (Main Office) | 2175 Bumble Bee Hollow Rd MECHANICSBURG, PA 17055-5563 |
Phone: | (717) 697-3474 |
Fax: | (717) 697-3713 |
Website: | https://www.americhoice.org |
Branches: | 5 branch locations |
Members: | 15,786 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 20041 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1970 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $227,412,040 |
CEO/Manager: | Ken Dyer |
Chairperson: | Gregg A Wells |
ASSETS: | $ Amount |
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Cash & Equivalents | 17,644,191 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 74,620,447 |
Unsecured Loans | 13,594,166 |
Other Loans | 70,328,495 |
TOTAL LOANS | 158,637,274 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,788,359 |
Land And Building | 3,705,134 |
Other Fixed Assets | 241,326 |
NCUSIF Deposit | 1,973,193 |
All Other Assets | 0 |
TOTAL ASSETS | 227,412,040 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 317,177 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,711,335 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 56,856,947 |
Regular shares | 76,689,916 |
All Other Shares & Deposits | 72,028,692 |
TOTAL SHARES & DEPOSITS | 205,575,555 |
TOTAL LIABILITIES | 207,611,243 |
Regular Reserve | 0 |
Other Reserves | -4,047,734 |
Undivided Earnings | 23,848,531 |
TOTAL EQUITY | 19,800,797 |
TOTAL LIABILITIES, SHARES, & EQUITY | 227,412,040 |
INCOME & EXPENSE | |
Loan Income | 7,859,999 |
Investment Income | 1,946,178 |
Other Income | 572,420 |
Total Employee Compensation & Benefits | 4,390,335 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,076,698 |
Non-operating Income & (Expense) | 565,182 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 606,262 |
Cost of Funds | 857,659 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,306,692 |
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